Tennessees Community Assistance Corporation
- Assets
- $2.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 67
- Location
- Morristown, TN
- Founding
- 11/2000
- Data as of
- 06/2022
- EIN
- 62-1796161
Organization Overview
Tennessees Community Assistance Corporation is located in Morristown, TN. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Tennessees Community Assistance Corporation employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessees Community Assistance Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Tennessees Community Assistance Corporation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROMOTE ECONOMIC DEVELOPMENT AND CONDUCT ACTIVITIES IN LOW-INCOME COMMUNITIES OF TENNESSEE, PARTICULARLY PUBLIC ASSISTED HOUSING RESIDENTS, IN ORDER TO ASSIST THE RESIDENTS IN BECOMING SELF-SUFFICIENT AND PROVIDE NECESSARY SERVICES TO THOSE FAMILIES AND INDIVIDUALS THAT WILL IMPROVE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME PROGRAM IS A COMPETITIVELY-FUNDED PROGRAM BY HUD AND ADMINISTERED WITHIN TENNESSEE BY THE TENNESSEE HOUSING DEVELOPMENT AGENCY. ELIGIBLE HOMEOWNERS TO RECEIVE REPAIRS MUST BE LOW INCOME HOUSEHOLDS, THE HOME MUST BE THEIR PRIMARY RESIDENCE, AND OWN THEIR PROPERTY. THE WORK IS PERFORMED BY LICENSED CONTRACTORS AND HOMEOWNERS RECEIVE A 5-15 YEAR FORGIVABLE GRANT NOTE AS LONG AS THEY REMAIN IN THEIR HOME DURING THE TERM
TCAC DEPOT HELPS TCAC PARTNERS, OTHER NON-PROFITS, AND CHURCHES THROUGHOUT TENNESSEE PROVIDE PRODUCTS AND INCENTIVES THAT FURTHER THE INDIVIDUAL AGENCY'S MISSION. TCAC DEPOT REDISTRIBUTES NEW PRODUCTS THAT ASSIST PARTNERING AGENCIES IN STRETCHING THEIR SERVICE DOLLARS WHILE PROVIDING MATERIALS AND SUPPLIES TO TENNESSEANS MOST IN NEED, TCAC DEPOT CURRENTLY HAS 100 PARTNERING AGENCIES AND 13 DISTRIBUTION PARTNERS.
TCAC COMMUNITY CARES AMERICORPS PROGRAM SERVES THE VERY FRAIL, ELDERLY AND CHALLENGED RESIDENTS OF TENNESSEE SO THEY CAN REMAIN LIVING INDEPENDENTLY WITH AN IMPROVED QUALITY OF LIFE. THIRTY FIVE AMERICORPS MEMBERS NOT ONLY PROVIDE ASSISTANCE WITH DAILY TASKS, BUT MORE IMPORTANTLY THEY HELP REISDENTS MAINTAIN THEIR DIGNITY AND CONFIDENCE. THE SERVICES ARE PROVIDED WITH NO COST TO THE RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Parks Outgoing Exe | Officer | 40 | $55,686 |
Kayla Bales Board Member | Trustee | 1 | $0 |
Candace Blair Board Member | Trustee | 1 | $0 |
Terry Cunningham Chairman | Trustee | 1 | $0 |
Dorothy Edwards Board Member | Trustee | 1 | $0 |
Stephanie Holmes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $443,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,582 |
| Total Program Service Revenue | $437,280 |
| Investment income | $12,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,003,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,686 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $664,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,215 |
| Payroll taxes | $35,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,044 |
| Fees for services: Accounting | $3,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,932 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $122,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,950 |
| Travel | $15,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,086 |
| Insurance | $5,678 |
| All other expenses | -$42,719 |
| Total functional expenses | $1,130,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,364 |
| Savings and temporary cash investments | $519,447 |
| Pledges and grants receivable | $430,452 |
| Accounts receivable, net | $68,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,913 |
| Prepaid expenses and deferred charges | $1,147 |
| Net Land, buildings, and equipment | $697,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $478,803 |
| Total assets | $2,336,308 |
| Accounts payable and accrued expenses | $6,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $631,604 |
| Total liabilities | $637,741 |
| Net assets without donor restrictions | $1,665,334 |
| Net assets with donor restrictions | $33,233 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,336,308 |